Which One of the Following Is an Advantage of Using

question 34

Multiple Choice

Which one of the following is an advantage of using participative budgeting?

• A)It is updated daily to reflect current activity.
• B)It assures the company is operating at the activity level of the master budget.
• C)It allows companies to compare the current with the previous year.
• D)Lower level managers are more likely to perceive budgets as fair.
• E)Lower level managers are more likely to perceive budgets as unfair.

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Definitions:

Time Consuming

Activities or tasks that require a considerable or excessive amount of time to complete.

Situation Analysis

An evaluation process that identifies an organization's internal strengths and weaknesses, along with external opportunities and threats.

Strategic Plan

A systematic process for envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.

Current Situation

A phrase referring to the present state or conditions of an event, issue, or circumstance.